BDO vs BPI

BPI vs BDO Home Loan Rates: At a Glance

Choosing between BPI and BDO for your home loan or refinance in 2026 comes down to more than just the headline interest rate. Below, we break down every key dimension — rates, eligibility, approval timelines, and loan purposes — so you can make a confident, informed decision.

Both BPI Family Savings Bank and BDO Unibank are Nook partner banks, meaning you can apply to either (or both) through Nook's free digital mortgage broker service, with no fees charged to you as the borrower.

Note: Interest rates are subject to change. Always verify current rates directly with the bank or through Nook before making a decision.

Interest Rate Comparison

BDO's 1-year fixed rate of 6.00% is currently the lower starting point, and it matches the best refinance rate available through Nook. If you're refinancing a 3,000,000 peso loan and currently paying 8.50%, switching to BDO's 6.00% rate could reduce your monthly payment by approximately 4,400 pesos — saving you over 52,000 pesos in the first year alone.

BPI offers a 5-year fixed rate of 6.50%, which BDO does not publicly list. If you value long-term payment stability and can accept a slightly higher rate than BDO's 1-year offering, BPI's 5-year fixed option is worth considering. For a deeper look at how these two banks stack up specifically for refinancing, see our BDO vs BPI home loan refinance rates comparison.

Eligibility Requirements

Both banks accept the same employment types, including OFWs and seafarers, which is important for many Filipino households with overseas-based earners. The key differentiator here is income: BPI's minimum monthly income threshold of 40,000 pesos is more accessible than BDO's 50,000 peso floor. If your household income sits between those two figures, BPI may be your only option among the two banks — making the rate comparison less relevant than it first appears.

Approval Speed

BDO's typical approval timeline of 30 days is significantly faster than BPI's 52-day average. If you're under time pressure — such as a seller's deadline or an expiring rate lock — BDO's faster processing gives you more flexibility. BPI's longer timeline may reflect a more detailed underwriting process, which isn't necessarily a disadvantage if you're planning well in advance.

Supported Loan Purposes

Both banks cover the full spectrum of common loan purposes. Whether you're refinancing an existing home loan, unlocking equity in your property, buying a pre-selling unit, or funding a renovation, both BDO and BPI can accommodate your needs. This parity means loan purpose alone shouldn't drive your decision — focus on rate, income qualification, and timeline instead.

Monthly Payment Comparison: 3,000,000 Peso Loan

To make the rate difference tangible, here's how monthly payments compare on a 3,000,000 peso loan over a 20-year term at the 1-year fixed rates of each bank:

Over the first year alone, choosing BDO over BPI at these rates saves approximately 19,800 pesos on a 3,000,000 peso loan. On a 5,000,000 peso loan, that annual saving would be approximately 33,000 pesos. These figures assume a 1-year fixed period and do not account for repricing after the fixed term ends.

For borrowers already in an existing home loan paying 8% or higher, both banks represent a meaningful improvement. Our BDO vs BPI vs Metrobank refinance rates comparison shows how these two stack up against a third major option if you want to cast a wider net.

Why Apply Through Nook Instead of Going Direct?

Nook is the Philippines' first digital mortgage broker. Rather than applying separately to BDO and BPI — filling out duplicate paperwork, gathering documents twice, and waiting weeks for each response — you apply once through Nook and let Nook submit to both banks simultaneously.

• 100% free to borrowers: Nook is compensated by the banks, never by you.
• Side-by-side offers: You see competing loan offers in one place and choose the best one.
• Expert guidance: Nook's mortgage specialists help you prepare documents correctly, improving your approval odds.
• No obligation: You can compare offers before committing to anything.

Whether BDO or BPI turns out to be the right fit — or whether a different Nook partner bank surprises you with an even better offer — starting with Nook gives you the most information with the least effort.